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Pretty happy buying in at these prices (just missed in the 90's last year). Sign of an unloved gold sector with FOMC signalling an end to QE in 2013?
Last edited by trackers; 10-01-2013 at 02:28 PM.
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Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights
Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
• 26,940oz mined and 20,515oz recovered
• 19,728oz sold at $1,665/oz for $32.9M revenue
• Cash cost $604/oz (includes royalties), total cost $909/oz
• Mining grade up 16%, processing grade up 12% to 7.7gpt
Strong December Half with 40% jump in key performance
indicators from June Half:
• 50,252oz mined and 39,230oz recovered
• 43,267oz sold at $1,619/oz for $70.0M revenue
• Cash cost $640/oz (includes royalties), total cost $899/oz
• Mining grade up 6%, processing grade up 15% to 7.3gpt
Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa
Numerous half-yearly records achieved for mine physicals:
• 254,774 tonnes mined, 33% above previous record
• 3,231 metres of development, 33% above previous record
• 179,825 tonnes processed, 5% above previous record
Mining physicals hit 500,000tpa rate ahead of schedule:
• 325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz
$1.9M in savings for the Quarter due to efficiency of Northern
Star’s own Mining Services Division compared to previous
contractor’s rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined
Invested $11M in exploration and abnormal items in Dec Qtr:
• $4.0M – Exploration
• $7.0M – 100,000oz pa one-off expansion capital
Cash, Bullion and Investments of $62M
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Originally Posted by trackers
Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights
Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
26,940oz mined and 20,515oz recovered
19,728oz sold at $1,665/oz for $32.9M revenue
Cash cost $604/oz (includes royalties), total cost $909/oz
Mining grade up 16%, processing grade up 12% to 7.7gpt
Strong December Half with 40% jump in key performance
indicators from June Half:
50,252oz mined and 39,230oz recovered
43,267oz sold at $1,619/oz for $70.0M revenue
Cash cost $640/oz (includes royalties), total cost $899/oz
Mining grade up 6%, processing grade up 15% to 7.3gpt
Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa
Numerous half-yearly records achieved for mine physicals:
254,774 tonnes mined, 33% above previous record
3,231 metres of development, 33% above previous record
179,825 tonnes processed, 5% above previous record
Mining physicals hit 500,000tpa rate ahead of schedule:
325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz
$1.9M in savings for the Quarter due to efficiency of Northern
Stars own Mining Services Division compared to previous
contractors rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined
Invested $11M in exploration and abnormal items in Dec Qtr:
$4.0M Exploration
$7.0M 100,000oz pa one-off expansion capital
Cash, Bullion and Investments of $62M
I bought in today, became cheap with the sell off.
Became cheaper with this
http://www.stocknessmonster.com/news...E=ASX&N=625481
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Some fantastic cheap quality Goldies going.Still havnt bought NST , hope to. Got a few KCN today, against my better judgement ; i don't have any idea if the bottom has been reached. KCN has a much higher div and reporting re friday.
Been a mass exodus from Goldies plus huge shorting going on.Technically some people think $1550 is where Gold will get to. Ironically PGI has been more stable price wise lately.So sold a few(today i think) to get KCN and yield. Goodluck and youll know when youve been to the bottom, because the bottom is firm
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Gold $1563 atp , Tin Hats on guys; Hunker in the Bunker. Goodluck
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Why batten down the hatchs, the US $ is worth nothing, the biggest prymaid scheme in history.
NST has cash, low costs, no debt and exceptional prospects. The market is giving everyone a rare opportunity to buy discounted shares.
Be greedy when others are fearful!
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Originally Posted by Joshuatree
Maybe tomorrow.
Tomorrow is to late.
This company's new drilling results, are fantastic .
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Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.
Last edited by Joshuatree; 22-02-2013 at 05:40 PM.
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Originally Posted by Joshuatree
Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.
Hmm, next week might be a tad late to be in the safety zone. Depends on the gold price.
There is an updated broker report maintaining them as a buy. Not that I hold much faith in brokers, but it confirms my view in this case.
Happy hunting!
http://www.nsrltd.com/investor-centr...-research.html
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